Or, do you just eat the cost and pay for good and bad leads alike?

I've also been accused of being cheap and stingy a lot because I choose not to spend my money eating out/drinking/getting high/buying stupid junk on amazon/reusing bags/fancy apartment/etc (I personally don't think asking someone for their agreed upon 1/3 of utilities in a household of 3 people makes me "cheap").

With that much equity, you could definitely get some nice cash flow with appreciation to boot.I'm 55, work out hard, and eat well :)I recognized that my post wasn't a solid question, but I'm not necessarily looking for affirmation of my plan to sell. 

Instead of finding another roommate, my girlfriend moved in with me and I decided to eat the costs to keep my business balanced (about $1000/mo out of pocket vs ~$200 when I had a roommate). 

Like what if I decide I want to take the local property manager out to eat and discuss business at a meeting.

After analyzing numerous pitman properties, I'm finding that the high taxes really eat up cash flow. 

The world of real estate was so vast and full of piranha that it seemed like eating an elephant the size of a planet.

This leaves 47 hours to eat, sleep, etc...or, less than 7 hours a day.Like I said above, I can do it, but that's because I analyze markets instead of just properties. 

I assume you're looking at buy and hold, so you have to think about what non-cosmetic things will be coming up down the road that will eat into your profit, or in the case of the current numbers, put you deep into the red.

Stay in a hotel in the area and eat at local restaurants.